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Nov 6, 2012
11/12
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coming up we'll talk about residents of the northeast still reeling from superstorm sandy bracing for yet another storm set to move in tomorrow. we'll get the updated forecast after the break and still to come, we've got don peebles on president obama's path to another term, that's his view and what four more years would look like and larry lindsey who will break down the electoral map, got some interesting forecasts, a strong track record of predicting electoral results and we'll get them, when we return. folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's bu
coming up we'll talk about residents of the northeast still reeling from superstorm sandy bracing for yet another storm set to move in tomorrow. we'll get the updated forecast after the break and still to come, we've got don peebles on president obama's path to another term, that's his view and what four more years would look like and larry lindsey who will break down the electoral map, got some interesting forecasts, a strong track record of predicting electoral results and we'll get them,...
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Nov 26, 2012
11/12
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. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people who donated to hurricane sandy will continue to step up during the holiday and donate to their favorite charity and 90% of the people that provided political contributions plan to donate to charities as well which was very heartwarming because i know that everyone in the no
. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've...
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Dec 7, 2012
12/12
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the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky quick and steve liesman and andrew ross sorkin is off for one more day. our guest host dan gilbert, founder of quicken loans and owner of the cleveland cavaliers. we'll talk about a lot this hour but the big 50 is the november jobs report. it comes out at 8ky there. the dow jones news wire poll of forecasters, we thought this was so interesting we wanted to get a reaction shot of you. did you see how long you were on? we wanted you to -- we wanted a lot -- we wanted angst, we wanted suspense and disappointment. >> how did i do? >> i don't know. we were waiting for something. >> i didn't know i was on. >> you were. the button was stuck. the economy likely
the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky...
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Nov 7, 2012
11/12
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superstorm sandy had a significant impact on application volume in the east which fell 6% in new jersey but 50% in new york and nearly 40% in connecticut. you would thought it would be worse. >>> and munich re is raises forecast for the year. they are expected to be hit with large payouts for the damage last week. munich re doesn't know how much the storm will cost, but it will be somewhere in the mid three-digit euro range. >>> coming up, we're going to ask wilbur ross how last night's investing changed his outlook. and don peebles, what he expects president obama to tackle in his second term. "squawk box" is coming right back. >>> which u.s. president was featured on the now defunct $500 bill? and major medical? major medical, boyyy, yeah! [ beatboxing ] berr, der berrp... ♪ i help pay the doctor ♪ ain't that enough for you? ♪ there's things major medical doesn't do. aflac! pays cash so we don't have to fret. [ together ] ♪ something families should get ♪ ♪ like a safety net ♪ help with food, gas and rent, so cover your back, with... ♪ a-a-a-a-a-a-a-aflac! [ male annou
superstorm sandy had a significant impact on application volume in the east which fell 6% in new jersey but 50% in new york and nearly 40% in connecticut. you would thought it would be worse. >>> and munich re is raises forecast for the year. they are expected to be hit with large payouts for the damage last week. munich re doesn't know how much the storm will cost, but it will be somewhere in the mid three-digit euro range. >>> coming up, we're going to ask wilbur ross how...
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Nov 8, 2012
11/12
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if there's a silver lining to superstorm sandy it may belong to the auto industry. more than a quarter of a million autos have to be replaced due to storm related damage. that's good and bad. that's not necessarily good news. >>> it's a week-long congress in china ushering in new leaders to meet public calls for better government and give the economy a boost. cnbc's michelle caruso-cabrera is here to tell us what it means for companies that are going into business? >> it means a lot. every ten years there's a generational transfer of power in china, how they pick these people we don't know. of course they're not a democracy. they make these decisions behind closed doors. they've begun it. it's filled with ceremony, et cetera. once in a decade, for the last ten years we've been talking about president hu intau and wen jiabao. now we go to xi jinpig and lli li keqiang. president xi, premier li. >> very interesting. >> why do we care? within china, what i've been told from a lot of experts there is an internal battle about whether or not they should continue with the p
if there's a silver lining to superstorm sandy it may belong to the auto industry. more than a quarter of a million autos have to be replaced due to storm related damage. that's good and bad. that's not necessarily good news. >>> it's a week-long congress in china ushering in new leaders to meet public calls for better government and give the economy a boost. cnbc's michelle caruso-cabrera is here to tell us what it means for companies that are going into business? >> it means a...
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Nov 2, 2012
11/12
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superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for those folks this weekend with cold weather forecast to move into the northeast. new jersey remains the hardest hit state accounting for more than 1.5 million of the outages. as gas stations come back online pressure at the pump should start to ease. the drivers are still battling two-hour linds lines. con edison says most manhattan residents will have power restored saturday. commuters can expect more traffic jams as hov restrictions in place. the holland tunnel is open at this hour but only to buses. the mta is getting more subway service up and running today and the northeast corrido
superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for...
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Nov 30, 2012
11/12
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Nov 9, 2012
11/12
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. >>> plus the road to recovery from superstorm sandy. congressman frank pallone on what it will take to rebuild the backbone of new jersey's tourism industry, the jersey shore. the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" on cnbc, first in business worldwi worldwide. i'm becky quick along with joe kernen and andrew ross sorkin. in our top stories, president obama is set to address the issue spooking the markets this week, the face kaiscal cliff. he'll make an appearance at the white house at 1:00 p.m. eastern time. you'll see coverage live on cnbc. in the meantime we're watching shares of jcpenney. the retailer came in with a loss of 93 cents a share when you exclude certain items, wider than the street's expectations of a loss of seven cents a share. revenue came in at $2.93 billion, compares to a consensus of $2.73 billion, but every number across the board was a disappointme disappointment. we also looked at the comp. store sales which were down 26%. you don't see numbers like that. disappointment
. >>> plus the road to recovery from superstorm sandy. congressman frank pallone on what it will take to rebuild the backbone of new jersey's tourism industry, the jersey shore. the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" on cnbc, first in business worldwi worldwide. i'm becky quick along with joe kernen and andrew ross sorkin. in our top stories, president obama is set to address the issue spooking the markets this...
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Nov 28, 2012
11/12
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sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee to ensure an orderly winddown. the union is saying it objects the allowing incumbent management to supervise the lick wi addition. have you finished your twinkies? >> no, we're back to saving them now. we need to talk, because i read a p
sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street...
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Dec 13, 2012
12/12
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but first, stars are out in force last night to raise money for victims of superstorm sandy. up next we're going to tell you why it was exceptionally satisfying for fans at new jersey rock. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs.
but first, stars are out in force last night to raise money for victims of superstorm sandy. up next we're going to tell you why it was exceptionally satisfying for fans at new jersey rock. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550...
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Nov 13, 2012
11/12
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it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of all, you do need to have some senior people who aren't necessarily located in the proximity of devastation. yes, you do need some senior people but in this circumstance, this is one of the things we learned, andrew, is that since they weren't sure the large traders weren't sure about whether or not they could enter the orders into the new york stock exchange, they actually sent people to archipelago to try to work on the computers, in the middle of this storm, so just a really sort of a cluster and hopefully we can do better in the future. >> what happened to your own next -- isn't this a transatlantic company that has platforms on both sides of the ocean, they've got the technology, why not flip the switch and move the market making to europe? >> this is about people physically being able to trade themselves? you can have all the systems in the world but if you can't get
it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of all, you do need to have some senior people who aren't necessarily located in the proximity of devastation. yes, you do need some senior people but in this circumstance, this is one of the things we learned, andrew, is that since they weren't sure the large traders weren't...
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Oct 30, 2012
10/12
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. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is absolutely gone and you walk all the way up the shoreline and you see the same thing. they do think on the north shore, believe it or not, there's more damage because of the storm surge onisland sound. i talked to bill wilkinson the town supervisor, a retired disney executive who decided to run east hampton and he said the local fishermen told him they have never in their whole lives seen as much water come in as came in yesterday, so it's a big contrast. we have a beautiful ocean, a destroyed coastline on the south shore. on the north shore they're trying to assess the water damag
. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is...
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Dec 19, 2012
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superstorm sandy, i didn't realize they would have that kind of impact on the company. 11 cents a share because of that. >> for the next quarter a little below. for the year, it looks pretty good. i don't imagine people would be saying, wow, the company is negative about the fiscal cliff. >> oracle's numbers yesterday were pretty -- >> right. excellent. we'll keep an eye on it at this point. we will talk to an analyst. >> we will talk to bart in a couple minutes. >> we'll have an mcco in. >>> in the headlines, we're an hour away from the latest housing markets. november rate is expected to fall to 865,000 units following a 6% increase in october. mortgage applications dropped by 12.3% last week. applications are at their lowest of the month although they're above record lows. as we've been talking about, ubs will pay fines in the libor case. and switzerland was fined $450 million in connection with the libor case back in june. other banks are expected to be fined in coming months. >>> as we've been discussing all week long, president obama and speaker boehner appear to be inching toward
superstorm sandy, i didn't realize they would have that kind of impact on the company. 11 cents a share because of that. >> for the next quarter a little below. for the year, it looks pretty good. i don't imagine people would be saying, wow, the company is negative about the fiscal cliff. >> oracle's numbers yesterday were pretty -- >> right. excellent. we'll keep an eye on it at this point. we will talk to an analyst. >> we will talk to bart in a couple minutes....
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Nov 5, 2012
11/12
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millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which includes the outstanding shares and restricted stock awards of kbw. stifel chairman and ceo ro
millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the...
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Oct 31, 2012
10/12
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but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back, everybody. the u.s. equities futures are predicted higher ahead of a normal resumption of trading. you see the futures are up about a half a percent. s&p futures are even stronger up by .7 of a percent. nasdaq futures up by about half a percent as well. we're trying to figure out what is next for the region that is dealing with cleanup. let's get the forecast from maria la rosa. >> we still have a big area of influence. what you're not seeing is heavy showers and thunderstorms. still
but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice...
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Nov 12, 2012
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. >> 92% of everything in a household has been on a ship and ever since superstorm sandy we've all realized how important shipping is as we're all going through this gasoline crisis. it's really amazing in terms of the wide breadth that the shipping industry has on the economy. >> we don't think about it all that often but as you mentioned sandy really brought that into focus. it's subject to the weather, a lot of the ships had to be diverted and it created all kinds of problems with all of us standing around on gas lines. just the idea of how the weather can impact these things, this has been an industry that hasn't changed all that drastically for centuries, it's still bringing goods from across the ocean. >> it may have changed in terms of private equity and the traditional ship owners but shipping is shipping and what i find amazingly when you're looking at the shipping industry is that if you look inside those containers, if you see the quality of the product, the volume of the product that is going to a specific economy, it could actually be a good gauge for to you see if that economy
. >> 92% of everything in a household has been on a ship and ever since superstorm sandy we've all realized how important shipping is as we're all going through this gasoline crisis. it's really amazing in terms of the wide breadth that the shipping industry has on the economy. >> we don't think about it all that often but as you mentioned sandy really brought that into focus. it's subject to the weather, a lot of the ships had to be diverted and it created all kinds of problems...
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Dec 6, 2012
12/12
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sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people waiting to see what happens in washington because it's been driving trading for several weeks. >>> honda is expecting within two years it will export more vehicles than it imports from japan. the company says the factories will take on a larger role in global product development at that point. >>> all right, i've been wanting to ask larry some specific questions and i'm going to do it now because actually some of the stuff you talk about doug oberhelm, you teach economics, you're an economic sage so the mantra and we heard it
sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people...
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Nov 20, 2012
11/12
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economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i have known each other for almost 20 years, go back to university of pennsylvania, but joe and i have been friends for a long time. >> you'with you we'll talk fisc cliff in a second but you want to do a postmortem? >> you can't win without women, and can't win without latinos, you can't win without young people. you can't win on a single issue, and i just think there were a host of challenges. for me, the whole time, the sense that i had was that it was obama's race to lose, that he had the advantage. anybody look at the electoral college would have to say there were seven or eight easy ways for the pres
economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i...
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Nov 21, 2012
11/12
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this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around thanksgiving. and all of the holidays, you see all the rental car companies, for the most part, not completely sold out, but they fill up. and this year because of sandy, they are sold out. one interesting note, an increase in the number of people taking buses and trains this year in part because of what we're seeing with the rental car companies. >> thank you. we'll check in with you later. >> it's good for tires. >> it is good for tires. you like that. >> well, i like pep boys. >> do you have some? >> i bought it. >> do you have music? >> do we have music? that's it, that'
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Dec 26, 2012
12/12
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among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private
among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for...
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Dec 3, 2012
12/12
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Nov 19, 2012
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sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the fiscal cliff, and we're joined once again by our guest host jeremy siegel, finance professor at the wharton school in pennsylvania and jeremy, you're not a new normal guy. you think 3% to 4% is, we deserve that? don't you into ed to earn that somehow? you need to earn success. you think it just happens in this country? >> we grew in the '90s 3% to 4% and most of the post-war period. 3% to 4% from this high unemployment would be disappointing. normally we'd bounce back from recessions growing 5% to 6%. >> it doesn't matter who is in the white house or what policies they're pursuing. >> i think it matters but i don't think it's the overwhelming feature. i think what has made this recovery so slow was the unprecedented housing collapse. j
sandy and if you could get gas there you'd be willing to pay much nor it. >>> the fifth and final "twilight" movie had $141 million in north american ticket sales its debut weekend wasn't the biggest in the series but it was the eighth largest domestic opening on record. joe? >>> we are talking this morning about what washington can do to avoid going over the fiscal cliff, and we're joined once again by our guest host jeremy siegel, finance professor at the wharton...
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Dec 14, 2012
12/12
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and the labor department also saying that superstorm sandy -- >> impact of that. >> on data collection for the month of november. >> interesting. >> one thing we have seen in the wake of the hurricane is a rise in prices. but apparently not happening this time around. . >> mr. liesman, thank you. mr. santelli, thank you. >> thank you. >> all right. our next guest is a member of the fix the debt campaign and while he's trying to get washington to avoid the fiscal cliff, he's also running aerospace giant boeing and joining us now from chicago is jim mcnerney, boeing chairman and ceo. mr. mcnerney. great to see you. earlier we said we do want you to fix the fiscal cliff, obviously, if you have time. but we also want you to make great airplanes and make sure you've got those totally perfect before you really start. you know, we can't put everything on you at this point. >> are you asking about the 787, joe? >> no. just in general, we want the safest planes, but you know what? i do have to ask you about that eventually with the generator and the qatar stuff. but just in general we don't exp
and the labor department also saying that superstorm sandy -- >> impact of that. >> on data collection for the month of november. >> interesting. >> one thing we have seen in the wake of the hurricane is a rise in prices. but apparently not happening this time around. . >> mr. liesman, thank you. mr. santelli, thank you. >> thank you. >> all right. our next guest is a member of the fix the debt campaign and while he's trying to get washington to avoid...
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Dec 11, 2012
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sandy. joining us with the latest on that, bill dunkleberg, chief economist at the national federation of independent business. bill, in reading your findings, am i wrong to say you found that it really wasn't sandy, that it was the election results, and if that's true, how do we give -- can we give the president the benefit of the doubt in that maybe it just, the election results means that the cliff is front and center? the cliff would not have been front and center with romney because he would have probably just extended all the bush tax cuts, i think. so is it the election result that's causing this? and is it the president himself? or the gridlock that it's causing with republicans? >> i think you basically have it right. we spent billions of dollars and then woke up the day after the election and nothing had changed and i think that's the issue. because the management team couldn't reach agreement on how to deal with the problem that was coming up, so we were stuck with the same kind o
sandy. joining us with the latest on that, bill dunkleberg, chief economist at the national federation of independent business. bill, in reading your findings, am i wrong to say you found that it really wasn't sandy, that it was the election results, and if that's true, how do we give -- can we give the president the benefit of the doubt in that maybe it just, the election results means that the cliff is front and center? the cliff would not have been front and center with romney because he...